DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 278,305 shares of the basic materials company’s stock after selling 4,547 shares during the period. King Luther Capital Management Corp owned about 0.07% of DuPont de Nemours worth $22,401,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in DuPont de Nemours during the fourth quarter worth approximately $111,980,000. Gladstone Institutional Advisory LLC boosted its holdings in shares of DuPont de Nemours by 6.6% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 5,239 shares of the basic materials company’s stock valued at $403,000 after buying an additional 325 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of DuPont de Nemours by 14.7% in the 4th quarter. Corient Private Wealth LLC now owns 304,594 shares of the basic materials company’s stock valued at $23,432,000 after buying an additional 39,121 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at $797,000. Finally, SageView Advisory Group LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth $352,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.2 %

DD stock opened at $83.34 on Friday. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $85.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The company has a fifty day moving average of $80.67 and a 200-day moving average of $78.43. The stock has a market capitalization of $34.84 billion, a PE ratio of 101.63, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, analysts expect that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays raised their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft raised their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. UBS Group boosted their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $103.00 in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.